Stock traders buy high volume of put options on Newell brands (NASDAQ: NWL)

Newell Brands Inc. (NASDAQ:NWL – Get Rating) was the target of unusual options trades on Monday. Equity investors bought 4,280 put options on the company. This represents an increase of approximately 74% from the average volume of 2,459 puts.

Insider activity

In other news, Director Courtney Mather sold 50,000 shares of Newell Brands in a trade on Monday, September 12. The stock was sold at an average price of $18.17, for a total transaction of $908,500.00. Following the transaction, the administrator now owns 10,691 shares of the company, valued at $194,255.47. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. In related news, director Courtney Mather sold 50,000 shares of Newell Brands in a trade on Monday, September 12. The stock was sold at an average price of $18.17, for a total transaction of $908,500.00. Following the completion of the sale, the director now owns 10,691 shares of the company, valued at $194,255.47. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, director Brett Icahn sold 71,304 shares of Newell Brands in a trade on Wednesday, September 14. The shares were sold at an average price of $16.89, for a total value of $1,204,324.56. Following the sale, the director now directly owns 953,003 shares of the company, valued at approximately $16,096,220.67. The disclosure of this sale can be found here. 1.00% of the shares are currently held by insiders.

Institutional investors weigh in on Newell Brands

Large investors have recently changed their stock holdings. Tcwp LLC acquired a new position in Newell Brands stock in Q1 worth approximately $26,000. Fairfield Bush & CO. acquired a new position in Newell Brands stock in Q1 worth approximately $26,000. CX Institutional acquired a new position in Newell Brands stock in Q2 worth approximately $25,000. Private Trust Co. NA acquired a new position in Newell Brands stock in Q2 worth approximately $33,000. Finally, Koshinski Asset Management Inc. acquired a new position in Newell Brands stock in Q3 worth approximately $205,000. 91.05% of the shares are currently held by institutional investors.

Performance of Newell brand stocks

NWL lost $0.20 on Monday, hitting $13.92. 54,121 shares of the stock were traded, compared to its average volume of 3,508,673. Newell Brands has a 52-week low of $12.24 and a 52-week high of $26.45. The company has a current ratio of 1.25, a quick ratio of 0.64 and a debt ratio of 1.26. The company has a market capitalization of $5.76 billion, a PE ratio of 10.62 and a beta of 0.84. The company has a fifty-day moving average price of $14.43 and a two-hundred-day moving average price of $17.49.

Newell Brands (NASDAQ:NWL – Get Rating) last released its quarterly results on Friday, October 28. The company reported earnings per share (EPS) of $0.53 for the quarter, beating the consensus estimate of $0.47 by $0.06. Newell Brands had a return on equity of 20.03% and a net margin of 5.66%. The company posted revenue of $2.25 billion for the quarter, versus analyst estimates of $2.25 billion. During the same period a year earlier, the company posted earnings per share of $0.54. The company’s quarterly revenue decreased 19.2% from the same quarter last year. On average, research analysts predict that Newell Brands will post 1.58 EPS for the current fiscal year.

Changes to analyst ratings

A number of analysts have weighed in on NWL shares. Morgan Stanley cut its price target on Newell Brands from $18.50 to $17.00 and set an “equal weight” rating for the company in a Monday, Oct. 31 research report. UBS Group reduced its price target on Newell Brands from $27.00 to $21.00 and set a “buy” rating for the company in a Wednesday, September 7 research report. Barclays downgraded Newell Brands from an “equal weight” rating to an “underweight” rating and lowered its price target for the stock from $16.00 to $11.00 in a research note from the Monday, October 31. Deutsche Bank Aktiengesellschaft lowered its price target on Newell Brands from $21.00 to $17.00 in a Wednesday, September 7 research note. Finally, Wells Fargo & Company lowered its price target on Newell Brands from $18.00 to $15.00 and set an “equal weight” rating on the stock in a Monday, October 3 research note. One financial analyst assigned the stock a sell rating, four assigned a hold rating, three assigned a buy rating and one assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.56.

Newell Brands Company Profile

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Newell Brands Inc designs, manufactures, sources and distributes consumer and commercial products worldwide. It operates in five segments: Business Solutions, Appliances, Home Solutions, Learning & Development, and Outdoors & Leisure. The Commercial Solutions segment provides commercial cleaning and janitorial solutions; closet and garage organization products; hygiene systems and handling solutions; and home and security smoke and carbon monoxide detectors under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products and Spontex brands.

Further reading

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